{
  "id": 9386886,
  "title": "Govt reduces petrol price by Rs1.93 per litre, HSD by Rs4.21 per litre",
  "url": "https://urgent.news/2026/09/23/govt-reduces-petrol-price-by-rs1-93-per-litre-hsd-by-rs4-21-per-litre-9386886",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T18:10:18.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2032124/govt-reduces-petrol-price-by-rs193-per-litre-hsd-by-rs421-per-litre"
  },
  "original_language": "en",
  "account": "On Wednesday, the government announced a reduction in the prices of petrol and high-speed diesel (HSD), with petrol dropping by Rs1.93 per litre and HSD by Rs4.21 per litre. Effective from September 24, petrol will now be sold at Rs390.12 per litre, while HSD will cost Rs414.75 per litre. Despite the price cuts, the government maintains a tax and duty rate of Rs114 per litre on petrol and Rs100 per litre on diesel. The new prices come into effect following a peak of Rs520.35 for HSD on April 3, after the price of both petrol and diesel started rising earlier this year. The surge in fuel prices began on February 28, coinciding with the start of the US-Iran war. Prior to the price cuts, petrol had peaked at Rs458.41 on April 3, after starting its upward trend from Rs266 in March. The government has also implemented austerity measures in response to the rising fuel costs due to the conflict in the Middle East. These measures include market closures and reduced fuel allocations for official vehicles. On September 13, Prime Minister Shehbaz Sharif introduced a relief scheme for users of motorcycles, autos, and vehicles up to 800cc to alleviate the burden of increasing global oil prices. The government changed the frequency of fuel price announcements to daily, following fluctuations in international market prices following renewed hostilities between Iran and the US. Previously, fuel prices had been revised weekly since early March, along with conservation measures in response to possible oil supply disruptions due to the ongoing conflict. The federal government had also announced targeted relief measures for subsidised fuel in April. Fuel prices are primarily used by private transport, small vehicles, rickshaws, and two-wheelers, impacting the middle and lower-middle classes. Diesel prices, on the other hand, have a broader impact, as they affect heavy transport, power plants, and large generators. Petrol and HSD are the major revenue earners, with monthly sales ranging from 700,000 to 800,000 tonnes, compared to the 10,000 tonnes monthly demand for kerosene.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "Govt reduces petrol price by Rs1.93 per litre, HSD by Rs4.21 per litre",
        "url": "https://urgent.news/2026/09/23/govt-reduces-petrol-price-by-rs1-93-per-litre-hsd-by-rs4-21-per-litre",
        "published": "2026-09-23T18:10:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}